Goldman, BofA Strategists See Glum 2023 Global Profit Growth
Prospect for global earnings growth this year is dim despite better-than-expected first-quarter results in the US and Europe.
Prospect for global earnings growth this year is dim despite better-than-expected first-quarter results in the US and Europe.
Inflation remains double Fed’s target, financial sector reeling from trio of bank collapses and economists’ calls for downturn growing louder by day.
Powell at his press conference on Wednesday is likely to get asked - again - what contingencies he plans for in the event of a U.S. debt default.
Wall Street economists and central bankers debate if and when US economy will slip into a recession, big money managers aren’t waiting to find out.
For all the angst over US banking stress and a profit recession, none made it to the surface of the stock market in April.
Financial markets are caught up in a tug of war between lingering inflation and concern about a recession.
U.S. economy has been surprisingly resilient in the face of aggressive interest rate hikes and stubborn inflation over the past year.